Kleiner Perkins Returns Some Cash
from the it's-only-money dept
Last week we mentioned a rumor that uber-venture capital firm Kleiner Perkins was planning on returning some money to their limited partners. Guess what? Kleiner Perkins is returning about 25% of their latest fund saying they won’t be able to invest it. Kleiner tries to put the most positive spin on it as possible. There’s no discussion as to whether or not this was the result of angry LPs who weren’t happy that they were committing millions of dollars to the Midas of VC firms just to watch them sit on the cash and take home their own millions in management and carry fees. Oh well.